No annual fee credit cards are a good choice for people who do not want to pay an annual fee for the privilege of using a credit card. Other fees may apply, such as an annual percent rate that applies to purchases and balance transfers. The annual fee on these cards is only justified if the rewards offered by the credit card are more valuable than the annual fee. You can earn rewards by spending a lot of money in a certain category.
Cash back with Discover it(r).
The Discover it(r), cash back credit card without annual fees is the best option for people who want more from their spending. This card is free of annual fees and allows you to earn up 2% cash back on both purchases and payments. There is also no annual spending limit and a sign up bonus with no fees. This card offers cashback matching, but you will need to do some work to make it work.
Chase Freedom Flex
The Chase Freedom Flex card without annual fee is a great choice for travelers looking to earn rewards points and have no monthly fees. The card earns 1c per point and can be transferred to Chase credit cards or airline partners for a 1:1 transfer. The card has other benefits too, such as a cell phone protection plan. Cardholders are eligible for up to $1,000 worth of insurance each year in the unlikely event of an injury. You can also claim up to two times per year and have a $50 deductible.
Citi(r), Double Cash Card
Citi Double Cash Card, which has no annual fees, is one of today's best credit cards. You can get 2% cashback on certain purchases. This is a fantastic deal for anyone who enjoys cashback. Additionally, balance transfers are eligible for 0% APR. To earn more cash back, you can combine your Citi Rewards Card with other Citi cards.
Amex EveryDay(r).
Both the Amex Everyday (r) credit card with no annual fee and Amex Everyday Preferred credit cards with no annual fees offer zero annual fees. Both cards offer similar benefits and earning structures. They both earn two Membership Reward points for every dollar spent at U.S. Supermarkets and one point per dollar elsewhere. Both cards offer a 20% bonus points per billing cycle, which can be converted to cash.
Bank of America Customized Money
The Bank of America Customized Cash No Annual Fee Card has a low annual charge and offers an attractive introductory APR. However, its benefits and rewards are sparse. Its initial APR is 0% and applies to purchases as well as balance transfers.
Hilton Honors Amex
If you're a frequent Hilton guest, the Hilton Honors Amex credit card is worth considering. New cardmembers will be able to earn up to 80,000 points if they spend $1,000 on eligible purchases for a limited period. These points can be used at Hilton properties as well as U.S. supermarkets and restaurants. The card also offers 3X points on other eligible purchases.